The Financial Times certainly isn't impressed:
In the commercial world, major legislation concerning copyright, such as Britain’s Digital Economy Bill, is unlikely to withstand the second great variable – the coming of age of the net generation. Laws banning file-sharing are likely to prove as unpopular as the poll tax that helped bring down the Thatcher government. They also look utterly unenforceable.
As a harbinger of change, we are seeing political parties springing up throughout Europe with names such as the Internet party or the Pirate party, which understand the web as simply part of human DNA. “In the collision between the old and the new on the web,” argues Rex Hughes, a Chatham House fellow who is leading a cybersecurity project, “the old always wins the first few rounds but eventually they die off.”